I would appreciate some advise / views please:
An opportunity has arisen to buy some land which is approx. 50% woodland and 50% pasture for grazing, it works out to approx. £5,000 per Acre, for a 100 Acres site.
The vendor is in principle prepared to sell off the woodland as a separate parcel, as he already has an offer on the pasture land.
Income from the ('commercially managed') woodland is virtually nothing, so is income from farming from the pastureland.
Income is from various conservation grants, timber, lamb and beef; offset against the expenses claimed in the official Accounts it makes you want to cry, if not hang yourself.
The investment in woodland, from my point of view, would be purely for IHT Planning purposes- a nice present for the children once I have put on my wings.
My question is can anybody advice if there is a big difference in value between WOODLAND and PASTURE land as I want to put together a proposal/bid in partnership with a friend.
Thank you for any comments/views - if possible underpinned with first hand knowledge/experience.
PS. The presence of deer on the land is, btw, totally not a decision-making factor.